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Simply put, an annuity is a long-term contract with an insurance company where you invest your money as a form of retirement planning. When you buy an annuity, you get regular payments for income.
The Kentucky Public Pensions Authority (KPPA), formerly known as The Kentucky Retirement Systems (KRS), [1] is the administrator of defined-benefit pension and insurance plans for most of Kentucky's state and county employees and retirees.
Most Americans build retirement savings through individual retirement accounts or employer-sponsored plans such as 401(k)s. But another option is an annuity , which is designed to provide a steady ...
Like any source of retirement income, annuities have their pros and cons. Understanding these can help you make an informed decision about whether an annuity is right for you. Advantages of ...
Like its better-known sibling — the 401(k) — a 457(b) retirement plan is a tax-advantaged way to save for retirement. But the 457(b) is designed especially for employees of state and local ...
Kentucky Retirement Systems v. EEOC, 554 U.S. 135 (2008) is a United States Supreme Court case that ruled Kentucky's retirement system does not amount to age discrimination under the Age Discrimination in Employment Act when granting pensions to disabled persons who had not yet reached the permitted retirement age of 55.
Today, and for every day for the next 10 years, 10,000 baby boomers will turn 65, fueling huge demand for retirement income. While Social Security is a start, many retirees have investment assets ...
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